A question though, where does the GEMZ/BTC conversion calculation come from? I have 24,000 GEMZ and it says that is only 0.000156 BTC but it should be much more than that.
Oh I see. Well does it add some automatically for sending GEMZ to your address? Because I have not added any and I do have that much.
Ah okay. Does this not seem like a pretty big issue to anyone else? Newbies to crypto who are introduced to it through the messenger won't even be able to use it unless they load BTC into their wallet, which kind of defeats the point in my opinion. I was trying to send some GEMZ to two friends who I got to get the app who do not currently use cryptocurrency, but I was unable to (presumably because I did not have enough BTC for a transaction). But even if I had been able to, they would just have some useless GEMZ in their wallets that they cannot use unless they somehow get some BTC, if I am understanding you correctly. I think this is not very intuitive.
We agree, therefore our plan is that GEMZ will be settled offline through the GetGems internal hosted wallet. This is a hybrid semi centralized database system meant for smaller balances and to allow for speed, security and zero transaction fees. GEMZ will be able to withdrawn to any external counterparty wallet which will be processed using our secure counterparty gateway server.
The hybrid solution is good for the "Airdrop" and for new users while not taking from the security of users that want to have their GEMZ only on-chain.
This sounds like a much better solution. Good to know that is in the pipeline. I assume this will be coming in an update sometime down the road? Any idea of a timeframe? I'd probably rather wait to send GEMZ to friends until this happens so that they are not put off by it from not being able to actually use them. First impressions are very important for people who have no prior crypto experience.